Regulatory Alerts2011-01-01
Law No. 118/AN/11/6th Session Amending the Statutes of the Central Bank of Djibouti
The Djibouti National Assembly and Presidency issued Law No. 118/AN/11/6th Session to amend the statutes of the Central Bank of Djibouti, redefining its legal status, capital, and operational framework. The legislation mandates the Central Bank to ensure national currency stability, supervise financial institutions, manage foreign exchange reserves, and strictly prohibit direct banking operations with private entities while granting it exclusive issuance privileges and monetary policy tools. It establishes a six-member Board of Directors and a five-year renewable Governor, outlining their respective administrative powers, reporting obligations, and the bank's financial relationship with the State Treasury.
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